Mastech Digital Inc. (NYSE MKT: MHH) reported revenue rose 28.0% in the second quarter. IT staffing, where the Pittsburgh-based firm generates a majority of its revenue, rose 10.6% to $38.8 million. It reported that demand for IT staffing remains strong.

Mastech’s data and analytics services segment contributed $6.1 million of revenue during the second quarter; it acquired the business with its acquisition in July 2017 of the services division of InfoTrellis Inc. However, revenue growth in the segment was affected by the “inherent lumpiness in this project-based business,” according to the company.

Net income jumped in the second quarter. Selling, general and administrative expenses were reduced by $1.5 million during the second quarter as a result of a $9.1 million contingent consideration liability related to the InfoTrellis acquisition; a $140,000 reduction in contingent transaction fees; and a $7.7 million impairment charge associated with the carrying amount of goodwill related to the InfoTrellis acquisition.

Share price and market cap

Shares in Mastech rose 2.64% to $19.72 as of 1:23 p.m. Eastern time today. The company had a market cap of approximately $107.71 million.